Vietnam launches national blockchain 'NDAChain'... Utilized for digital identity and record verification

The Vietnamese government has officially launched the national blockchain infrastructure 'NDAChain'.

According to Cointelegraph, a media outlet specializing in digital assets (cryptocurrencies), on the 25th, the Data Innovation Development Center under Vietnam's Ministry of Public Security announced that it had developed NDAChain in cooperation with the National Data Association (NDA) and begun its operation. The platform will serve to verify digital records and transactions across various areas such as government e-administration, finance, healthcare, logistics, and education.

Nguyen Huy, Chief Technology Officer of the National Data Association, stated, "NDAChain will become the key shield protecting Vietnam's real-time data," adding that it is "an essential foundational infrastructure for the digital society and economy."

Currently, NDAChain is a permissioned blockchain, consisting of a total of 49 validator nodes. In addition to government agencies, private companies such as SunGroup, Zalo, Masan, MISA, Sovico, and VNVC also participate as validator nodes. The blockchain network is not fully decentralized; it is described as a hybrid structure combining elements of centralization and decentralization.

The Vietnamese government also plans to enable identity verification during contract signing between users through the NDAChain-based digital identity solution, 'NDA DID'.